Coherent Inc (COHR)
Inventory turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 4,682,040 | 5,418,660 | 2,812,000 | 2,643,740 | 2,227,380 |
| Inventory | US$ in thousands | 1,286,400 | 1,272,330 | 902,559 | 695,828 | 619,810 |
| Inventory turnover | 3.64 | 4.26 | 3.12 | 3.80 | 3.59 |
June 30, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $4,682,040K ÷ $1,286,400K
= 3.64
Inventory turnover measures how many times a company sells and replaces its inventory during a specific period. A higher inventory turnover ratio indicates efficient inventory management. Looking at Coherent Inc's inventory turnover over the past five years, we observe fluctuations in the ratio.
In June 2024, the inventory turnover ratio was 3.64, a decrease from the previous year's 4.26. This may suggest a slower rate of selling and replacing inventory compared to the prior period. However, it is still higher than the ratios in 2022 and 2020, indicating some improvement in inventory management efficiency.
Overall, Coherent Inc's inventory turnover has shown variability over the years, with some fluctuations in efficiency. Further analysis of the company's inventory management practices and industry trends can provide deeper insights into the reasons behind these fluctuations.
Peer comparison
Jun 30, 2024